A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

"If the BOJ does not lower interest rates this time, it would be a huge blow to the stock and currency markets which have been showing signs of some stability on such expectations," said a senior trader at an European securities firm.

"And more importantly, its decision will impact the global market as a whole," the trader said.

mccain catching up in the polls - see drudge right now, he is ahead in florida with people who have already voted------------------------

won't find that on any of the main media outlets.

Nope, no bias in the MSM.

Florida is irrelevant. Obama has forced McCain to divert his efforts there, but he knows he won't win there. The fate of our nation rests in Ohio... which happens to be the land of Joe the Tax Evader, the most important man in this election because if he somehow were to quintuple his income in the next four years, his effective tax rate would be a percent or so higher under Obama than McCain.

So yeah, Obama is fucked. His biggest mistake? Trying to run for office in a country full of retarded sheep.

Load up defense/aerospace/mercenary stocks. These are guaranteed wins under McBush.

So all the people whom talk about fiat dollars think it's all printed money in circulation. Sorry, it's probably 85% computer entries into a book-keeping ledger somewhere.

There isn't real money by a large proportion against tangible money or real things that have value and are useful, etc.

Thats why there is a PROBLEM.

The money went pffft, p00f, off the ledgers, it has nothing to do with a REAL thing.

If you are in the investment business, you had to lock in profits before "it" got erased from history.

There is no possible way that the federal reserve note can become worthless, because it is called-back-in through financial manipulation and then re-inflated to some other-worldly decimal-point fraction of it's original value that means absolutely nothing. It's an intrinsic "thing".

If worse comes-to-worse, they write-it-off, does anyone know what a write-off is? If you ever worked for a big corp., you'd know! Then start-over....blah, blah, no need for revolution.

The world is not ending, just your perception of it there-of, you may have lost money you never had, I feel sorry for you, I plan to work till death myself, simple, but real.

But Yen Carry Trade will unwind again when other central banks lower their rate to fight of a deep recession caused by mass layoff.

It is not a question of if US Federal Reserve will go to zero percent, but when.

The layoffs are beginning to pick up speed.

How safe do you feel about you own financial status.

In this kind of environment if BOJ does not lower rate will eight months reserve be enough.

http://www.marketthoughts.com/z20060921.html

So the $64 trillion question is this:

When will the Yen carry trade end?

On a purchasing power parity basis, the Yen is undervalued against the U.S. Dollar, but massively undervalued against the Euro.

That being said, things can always get more extreme before reversing – especially when it comes to the financial markets.

Drawing a tentative up trend line from the previous lows in the Yen in early 1990, October 1998, and early 2002, and one gets a target range of approximately US$0.78 to US$0.82 (for every 100 Yen) before we see the Yen bottoming.

I saw a special about this issue they were talking about what happens after a currency devalues in a country. It was from the 1930's and was in German so I didn't understand everything that was supposed to happen after the currency turned in to toilet paper.I'm wondering if the armband is going to make me look fat? I hope not.

The dollar is like a life boat on the Titanic. At first it works well as a life saver, but if too many people pile into the boat, it'll get swamped. As the economy continues to take on water, more people will pile into dollars until savings accounts yield next to nothing,and consumer prices continue to rise, then look out as they pile out of the currency as fast as they piled in.

I'd have to second the short-term haven, long-term doomed POV, with a few caveats.

The world will always need some sort of intermediary to provide the exchange of goods & services - we're not likely to go back to beads & wampum unless things go a lot worse in the coming year & 1/2. The dollar will serve as that refuge from the storm for at least the next 3-6 years, just out of force of habit. Unfortunately, as the disastrous economic policies of Bushco start to really detonate, along with the retiree & Medicare debt bombs, the dollar will start to see a mass exodus in favor of currencies of countries that were not ruled by a complete and total f@*ktard.

At that point, the yuan and rupee might start to take over, contingent on India and China resolving their population vs. resource issues. The Euro, if it survives, is still going to be hobbled by the Bush-alike debt mirage economies of the "Club Med" countries. The ruble is a possibility, but too much of the country's GDP is being siphoned off into the pockets of an ultra-wealthy criminal elite.

Only a few of you have any idea at all, how pathetic. Only 3% of our currency is actually in circulation... 3%! The rest is just book keeping entries. That is why it went Poof! Super-Hyper inflation will be coming to a theater near you soon, forget gold, you cant find it anyway. (the real price by the way is what its selling for on ebay.) Get food and something to protect it with. When the shtf , probably about mid winter, those of you without will remain without, the rest of us will have no sympathy......